Common use of PENALTY FOR DELAY Clause in Contracts

PENALTY FOR DELAY. If the progress of assignment is found to be non-satisfactory or delayed at any point of time, Udyog Bandhu reserves the right to impose penalty. The total amount of penalty shall not exceed 10% of total assignment fee.

PENALTY FOR DELAY. If the progress of assignment is found to be non-satisfactory or delayed at any point of time, Udyog Bandhu reserves the right to impose penalty. The total amount of penalty shall not exceed 1025% of total assignment fee.